#纳指道指周度差距创2002年7月来最大
【Old Chive Watch】Nasdaq falls, Dow rises—the U.S. stock market is showing quite a divergence this time,
A big divergence? I invest for a living—why would I be afraid of that? The bigger the divergence, the bigger the profits.
The Nasdaq Composite fell 4.48% over the week, while the Dow Jones rose 0.68%. The gap between their weekly performances exceeded five percentage points, the widest since July 2002.
Money hasn’t simply withdrawn from the stock market altogether. Instead, there’s been a clear split between sectors: AI, chip, and tech stocks have been sold off, while some traditional industries have held up relatively well.
The concerns behind this are very real. AI investment is growing ever larger, and data centers, chips, and computing power all require huge sums of money. But investors are starting to ask: when will these investments generate enough profit?
With oil prices rising and inflation still high, it’s only natural for the market to be more cautious about highly valued tech stocks. The financing costs and debt risks of some AI infrastructure companies are also drawing attention.
This is a reminder for the crypto market too. BTC won’t necessarily move in line with the Nasdaq, but if tech stocks keep falling, it may mean the market is becoming less willing to take risks. Whether short-term capital continues to pull back is worth watching more closely than simply tracking whether U.S. stocks rise or fall.
When the market shifts from chasing growth to calculating returns, even the hottest AI themes have to face the test of valuation and cash flow.
【Old Chive Watch】Nasdaq falls, Dow rises—the U.S. stock market is showing quite a divergence this time,
A big divergence? I invest for a living—why would I be afraid of that? The bigger the divergence, the bigger the profits.
The Nasdaq Composite fell 4.48% over the week, while the Dow Jones rose 0.68%. The gap between their weekly performances exceeded five percentage points, the widest since July 2002.
Money hasn’t simply withdrawn from the stock market altogether. Instead, there’s been a clear split between sectors: AI, chip, and tech stocks have been sold off, while some traditional industries have held up relatively well.
The concerns behind this are very real. AI investment is growing ever larger, and data centers, chips, and computing power all require huge sums of money. But investors are starting to ask: when will these investments generate enough profit?
With oil prices rising and inflation still high, it’s only natural for the market to be more cautious about highly valued tech stocks. The financing costs and debt risks of some AI infrastructure companies are also drawing attention.
This is a reminder for the crypto market too. BTC won’t necessarily move in line with the Nasdaq, but if tech stocks keep falling, it may mean the market is becoming less willing to take risks. Whether short-term capital continues to pull back is worth watching more closely than simply tracking whether U.S. stocks rise or fall.
When the market shifts from chasing growth to calculating returns, even the hottest AI themes have to face the test of valuation and cash flow.